An activity ratio calculated as total revenue divided by adjusted total assets.

Altria Group Inc.’s adjusted total asset turnover improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Adjusted current ratio

A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.

Altria Group Inc.’s adjusted current ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Adjusted debt-to-equity ratio

A solvency ratio calculated as adjusted total debt divided by adjusted total equity.

Altria Group Inc.’s adjusted debt-to-equity ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Adjusted debt-to-capital ratio

A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.

Altria Group Inc.’s adjusted debt-to-capital ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Adjusted financial leverage

A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.

Altria Group Inc.’s adjusted financial leverage declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

Adjusted net profit margin

An indicator of profitability, calculated as adjusted comprehensive income divided by total revenue.

Altria Group Inc.’s adjusted net profit margin deteriorated from 2016 to 2017 and from 2017 to 2018.

Adjusted ROE

A profitability ratio calculated as adjusted comprehensive income divided by adjusted total equity.

Altria Group Inc.’s adjusted ROE deteriorated from 2016 to 2017 and from 2017 to 2018.

Adjusted ROA

A profitability ratio calculated as adjusted comprehensive income divided by adjusted total assets.

Altria Group Inc.’s adjusted ROA deteriorated from 2016 to 2017 and from 2017 to 2018.

A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.

Altria Group Inc.’s adjusted financial leverage declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.